Property Tax Surge in state with Democratic legislature: 16 years of property taxes more then the median sales price. (school, Michigan)

[serger]

Originally Posted by lovecrowds

In McHenry County, teacher pay spikes while home values plummet | McHenry Times

She paid $233,000 for her house and then paid $67,169 in property tax just in 9 years before losing her house to foreclosure.

When her house went into foreclosure her taxes were $7,796 on her $233,000 house.

Stunning also that people will pay more in property tax in 16 years then the actual median home sale price.

One suburb with a median sales price of $101,000 can expect to pay $105,000 according to the study

In McHenry County, teacher pay spikes while home values plummet | McHenry Times

You might want to google property taxes in Texas (it is red enough, right?).

[PedroMartinez]

In many states, the government owns your home, and you pay a mortgage in order to rent it from the government.

[theunbrainwashed]

Hey OP, if you were smart and didn't put your foot in your mouth like usual, you'd see Texas is in the top 3 for highest property tax burden. There's your sign....

[Biker53]

I don't think high property taxes are political in nature (D vs R) but rather cultural. Some communities/states thinkthey need to regulate everything under the sun, and have the staff to enforce it. For example I have a sister in OH who wanted to replace the railing on the steps to her front door. It took 4 inspections by the city to get the final product approved. The same happened when she wanted to put up a privacy fence. The work had to stop after each step and wait for an inspection. For example the first one was digging the post holes. Someone had to come out and make sure they were the proper depth before posts could go in them. Next someone had to come and make sure the cement was the right consistency. This adds cost to the homeowner and adds a lot to property taxes to have the kind of staffing that takes.

I compare that to here in VT. My son is building a new house. He had to get a septic permit from the State and a building permit from the Town, and that's it. No more inspections or any further involvement from the Town or State. Culturally we trust people to act in their best interest when they are spending their money on their property. Where my sister lives they don't. Cultural differences.

[ottomobeale]

Welcome to NJ tax rates. A 3BR 1.5 BA house runs typically 6K to 8K here. Then again, our district has run the schools a bit BELOW the inflation rate. Pretty good considering health insurance is pretty much the only significant yearly increase.

[Freak80]

Originally Posted by PedroMartinez

In many states, the government owns your home, and you pay a mortgage in order to rent it from the government.

Yep. That's the way it is in New York. Even if I paid off my mortgage early, I'd still be renting my house from the local government.

Fortunately, where I live, low house prices make up for the high taxes.

[ottomobeale]

Originally Posted by serger

You might want to google property taxes in Texas (it is red enough, right?).

True but TX kills you on property taxes but how much is that state income tax??? IL murders you on both.

Silly question: Given that pretty much everywhere else in the Chicago burbs things look VERY expensive, why is McHenry crashing?

[dothetwist]

Expect even HIGHER state and local taxes, thanks to President Bonkers cutbacks to states and localities for Medicaid, block grants, etc.

This is how he plans to 'fund' those corporate and 1%'ers federal tax breaks for his billionaire buddies.

Hard to comprehend how his supporters don't see this con game.

[michiganmoon]

Originally Posted by theunbrainwashed

Hey OP, if you were smart and didn't put your foot in your mouth like usual, you'd see Texas is in the top 3 for highest property tax burden. There's your sign....

Originally Posted by serger

You might want to google property taxes in Texas (it is red enough, right?).

Originally Posted by lovecrowds

In McHenry County, teacher pay spikes while home values plummet | McHenry Times

She paid $233,000 for her house and then paid $67,169 in property tax just in 9 years before losing her house to foreclosure.

When her house went into foreclosure her taxes were $7,796 on her $233,000 house.

Stunning also that people will pay more in property tax in 16 years then the actual median home sale price.

One suburb with a median sales price of $101,000 can expect to pay $105,000 according to the study

In McHenry County, teacher pay spikes while home values plummet | McHenry Times

His point overall stands.

Using data from the Tax Foundation that blends property taxes, sales taxes, income taxes, gas tax, etc....

Texas has the 4th lowest taxes in the country.

Illinois is 38th.

Blue states dominate the bottom of the list and red the top. Now maybe higher taxes are good for more programs etc...maybe lower taxes are good...or maybe a happy medium.

However, Illinois has high overall taxes...Texas not so much.

https://www.forbes.com/pictures/emeg.../#66cfeff655ea

[T-310]

Why should the Feds fund Illinois?

Get rid of the fat that state government has.

Thus it's liberal mismanagement of funding that's the real cause.

Not the liberal eternal whine of tax cuts for the rich.